QUALCOMM's (QCOM) "Sector Perform" Rating Reiterated at Royal Bank of Canada
- Author: Latoya Cobb May 24, 2017,
May 24, 2017, 4:06
(NASDAQ:QCOM) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. Somerset Trust Co's holdings in QUALCOMM were worth $2,811,000 at the end of the most recent quarter. Berkshire Asset Management LLC PA boosted its position in QUALCOMM by 24.3% in the third quarter. Gierl Augustine Investment Management Inc now owns 5,350 shares of the wireless technology company's stock worth $307,000 after buying an additional 50 shares during the period. Federated Investors Inc. PA boosted its stake in shares of QUALCOMM by 117.6% in the fourth quarter. Financial Advisors Network Inc. now owns 4,970 shares of the wireless technology company's stock worth $275,000 after buying an additional 469 shares in the last quarter. Liberty Capital Management Inc. increased its position in QUALCOMM by 0.4% in the first quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in QUALCOMM by 2.0% in the third quarter. The institutional investor owned 147,876 shares of the wireless technology company's stock after buying an additional 38,230 shares during the period. Qualcomm Inc. has $75 highest and $47 lowest target. (NASDAQ:QCOM) traded up 0.565% on Tuesday, hitting $59.615. About 3.53M shares traded. The Market Capitalization of the company stands at 85.18 Billion.
Camtek Ltd. (CAMT) stock price distance from twenty day simple moving average surged at 28.88% while its distance from fifty day simple moving average raised 37.20% along with 65.75% above distance from two hundred simple moving averages. QUALCOMM also was the target of some unusual options trading on Monday. Stock traders bought 2,710 put options on the stock. This is an increase of approximately 233% compared to the typical volume of 813 put options. (NASDAQ:QCOM). Here's a quick roundup of today's bullish brokerage notes on shares of AAPL, BA, and QCOM. The difference between the expected and actual EPS was $0.14/share, which represents an Earnings surprise of 11.7%.
The company's expected revenue in the current quarter to be 5.26 Billion, seeing a projected current quarter growth of -30.2%, and per annum growth estimates over the next 5 year period of around 10.5%. The average 1-year price target for The Blackstone Group L.P. (BX) reveals an average price target of $35.19 per share. Likewise, the upbeat performance for the last quarter was 4.46% and for the full year it was 8.73%.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.57 per share. Now it is offering a dividend yield of 3.95% and a 5 year dividend growth rate of 20.05%.
Qualcomm Inc decreased its stake in Qualcomm Inc (QCOM) by 0.59% based on its latest 2016Q4 regulatory filing with the SEC. The ex-dividend date of this dividend is Friday, May 26th.
Now the P/E of QUALCOMM Incorporated stands at 19.72. "(QCOM) Forecasted to Earn FY2017 Earnings of $3.95 Per Share" was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright law.
A number of equities analysts have recently weighed in on the stock. It fall, as 104 investors sold QUALCOMM, Inc. shares while 514 reduced holdings.
Moreover, Qualcomm's share price has also experienced solid support after beating analysts' consensus estimate in the second quarter. Vetr lowered shares of QUALCOMM from a strong-buy rating to a buy rating and set a $74.42 target price on the stock.in a research report on Tuesday, January 17th. Buy rating has been given by 7 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 10 analysts given HOLD rating. The rating was upgraded by Morgan Stanley on Monday, July 27 to "Overweight". The firm has "Hold" rating by Topeka Capital Markets given on Thursday, November 5.
In other QUALCOMM news, EVP James H. Thompson sold 25,000 shares of QUALCOMM stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $55.02, for a total value of $588,769.02. Following the completion of the sale, the executive vice president now directly owns 76,246 shares of the company's stock, valued at $4,005,202.38. A total of 0.9 million shares exchanged at hands and its average trading volume is standing at 0.13 million shares. The disclosure for this purchase can be found here. The company had Year Ago Sales of 6.03 Billion. The stock of QUALCOMM, Inc.
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access.